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20130124
20130201
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think we ought to have a debt ceiling so as to avoid fiscal recklessness? >> well, in fact, the debt ceiling, the reason we have one is because up until 100 years ago, we voted on every bond issue individually. so you think it's bad now, just imagine if we had had that situation. but looking forward, though, this is very much yesterday's story. it was interesting that the reason the dow took this latest jump upwards was because the house a couple of weeks ago signaled they weren't going to have a fight over the debt ceiling. now, people need to focus on the fact that the next big tripwire is the sequester. i think markets got a little bit complacent the one second. >> we want to talk about the federal reserve, as well. let's recap what the fed did. they kept their $85 billion bond buying policy on hold. interest rates remaining at close to zero. the fed says at least 0.1% dip in q4 growth is likely and that the rehabilitate slowdown in the economy was due to transitory issues. >> here is what's interesting. -- >> defense spending. >> you have the fed saying the slow yoen was transito
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